Why Bed Bath and Beyond Stock Was Tumbling Today
Shares of Bed Bath and Beyond (NASDAQ: BBBY) were moving lower today after the company's fourth-quarter earnings report disappointed investors. Though the results met expectations, the stock was already up substantially from pre-pandemic levels, meaning high expectations were already baked into the stock, and the company did not raise its outlook.
As of 1:28 p.m. EDT, the stock was down 10.4%.
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Source Fool.com